Paretec Oy
OYActiveY-tunnus 1994864-3Taivaltie 5, 01610 VantaaElectrical installation· NACE 4321Est. 2005 · 20 years old151 employeeshttps://www.paretec.fi
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Overview
Paretec Oy is a Finnish OY based in Vantaa, operating in the Electrical installation sector. Incorporated in 2005, the company has 151 employees and reported revenue of €24.8m in its latest annual filing.
Revenue 2025
24.8M EUR
+11% vs 2024
EBITDA margin
4.3 %
−30% vs 2024
Net profit 2025
0.8M EUR
-33% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
49.0 %
AverageAround the average of companies in the same industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.9×
AverageAround the average of companies in the same industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
11.1 %
StrongAmong the 40% highest rated companies in the industry
20212025
EBITDA — year on year
EUR thousandsKey figures
Annual report 2025| Revenue | 24.8M EUR | +11% |
| EBITDA | 1.1M EUR | -30% |
| Net profit | 0.8M EUR | -33% |
| Total assets | 7.1M EUR | +16% |
| Equity | 3.5M EUR | +29% |
| Employees | 151 | — |
Company information
Legal name
Paretec Oy
Y-tunnus number
1994864-3
Legal form
Osakeyhtiö
NACE code
4321 · Electrical installation
Founded
19 October 2005 · 20 years
Share capital
EUR 40,000
Employees
151 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Hallituksen puheenjohtaja ja toimitusjohtaja kumpikin yksin ja hallituksen jäsenet kaksi yhdessä
Company purpose
Yhtiön toimiala on sähkö-, turva- ja kiinteistöautomaatiolaitteisiin ja -järjestelmiin liittyvät suunnittelu-, asennus-, urakointi-, huolto- ja kunnossapitotyöt ja niitä tukevat olosuhde- ja asiantuntijapalvelut sekä edellisiin liittyvien työvälineiden ja -tarvikkeiden maahantuonti, osto-, myynti- ja vuokraustoiminta. Yhtiö voi myös omistaa ja vuokrata kiinteistöjä, huoneistoja ja arvopapereita sekä käydä niillä kauppaa. Yhtiö voi antaa työ- ja takuuaikaisia vakuuksia.
(no translation available)
Contact
Address
Taivaltie 5, 01610 Vantaa
Phone
+3580207790888
Email
tuomas.ivakko@paretec.fi
Website
https://www.paretec.fi
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Financial development
In its most recent annual report (2025), Paretec Oy reported revenue of €24.8m, an increase of 11% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of €784.4k, and the EBITDA margin stood at 4.3%.
At the end of 2025, equity financed 49% of the balance sheet, and current assets covered short-term debt 1.9 times.
Financials
Revenue
EUR millionsEBITDA
EUR thousandsIncome statement
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 24,779 | 22,272 | 0 | 23,777 | 12,625 |
| Staff expenses | -9,744 | -8,578 | -0 | -8,840 | -4,231 |
| EBITDA | 1,059 | 1,512 | 0 | 531 | 1,818 |
| Depreciation & amort. | -41 | -43 | -0 | -31 | -24 |
| EBIT | 1,018 | 1,469 | 0 | 500 | 1,794 |
| Net financials | -24 | -7 | 0 | -40 | 123 |
| Profit before tax | 994 | 1,462 | 0 | 460 | 1,917 |
| Tax | 210 | 292 | -0 | 106 | 75 |
| Net profit | 784 | 1,170 | 0 | 355 | 1,842 |
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Balance sheet
EUR thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 7,062 | 6,071 | 5,659 | 6,549 | 6,119 |
| Equity | 3,460 | 2,676 | 0 | 2,458 | 2,404 |
| Long-term debt | 0 | 0 | 0 | 89 | 230 |
| Short-term debt | 3,601 | 3,395 | 3,265 | 3,976 | 3,485 |
| Total debt | 3,601 | 3,395 | 0 | 4,090 | 3,715 |
Financial ratios
5-year trendEBITDA margin
4.3 %
20212025
Equity ratio
49.0 %
AverageAround the average of companies in the same industry
20212025
Return on equity
22.7 %
StrongAmong the 40% highest rated companies in the industry
20212025
Net profit margin
3.2 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
3.51×
StrongAmong the 30% highest rated companies in the industry
20212025
Debt / equity
1.04×
AverageAround the average of companies in the same industry
20212025
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 30% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginAverage
Around the average of companies in the same industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginAverage
Around the average of companies in the same industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Strong
Among the 40% highest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Strong
Among the 40% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Strong
Among the 40% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Strong
Among the 40% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioAverage
Around the average of companies in the same industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioAverage
Around the average of companies in the same industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioAverage
Around the average of companies in the same industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioVery weak
Among the 20% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityWeak
Among the 30% lowest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalVery strong
Among the 20% highest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioAverage
Around the average of companies in the same industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtStrong
Among the 40% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 30% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtAverage
Around the average of companies in the same industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 30% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverStrong
Among the 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverWeak
Among the 30% lowest rated companies in the industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalStrong
Among the 30% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2025Filed via PRH / YTJ · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via PRH / YTJ · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via PRH / YTJ · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via PRH / YTJ · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via PRH / YTJ · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
LK Chief Executive Officer | Chief Executive Officer | 2026 |
VH Confidential Clerk | Confidential Clerk | 2021 |
KM Confidential Clerk | Confidential Clerk | 2021 |
Former (11)
NJ Chief Executive Officer | Chief Executive Officer | 2021 – 2021 |
PK Confidential Clerk | Confidential Clerk | 2008 – 2023 |
KM Chief Executive Officer | Chief Executive Officer | 2021 – 2022 |
PJ Confidential Clerk | Confidential Clerk | 2008 – 2026 |
JJ Confidential Clerk | Confidential Clerk | 2021 – 2026 |
JK Deputy Member | Deputy Member | 2022 – 2025 |
JT Deputy Member | Deputy Member | 2021 – 2022 |
TO Confidential Clerk | Confidential Clerk | 2021 – 2026 |
TS Chief Executive Officer | Chief Executive Officer | 2022 – 2026 |
JP Audit | Audit | 2013 – 2020 |
CO | Audit | 2020 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
KM Chairperson | Chairperson | 2025 |
AJ Board of Directors | Board of Directors | 2025 |
Former (6)
NJ Board of Directors | Board of Directors | 2021 – 2021 |
PK Board of Directors | Board of Directors | 2005 – 2021 |
KM Board of Directors | Board of Directors | 2021 – 2022 |
PJ Board of Directors | Board of Directors | 2005 – 2021 |
KM Chairperson | Chairperson | 2022 – 2025 |
TS Board of Directors | Board of Directors | 2022 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 |
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Related companies
Company hierarchy
Paretec Group Oy
Paretec Oy Board network connections
Board members of Paretec Oy also hold positions in 463 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jukka Pekka Sorjonen | Audit | 245 companiesMany roles |
| Christer Ossian Antson | Audit | 88 companiesMany roles |
| Antti Juhani Heinola | Board of Directors | 55 companiesMany roles |
| Kari Matti Antero Kohvakka | Chairperson | 51 companiesMany roles |
| Jyrki Tapio Kiuru | Deputy Member | 7 companiesMany roles |
| Lasse Kalervo Impiö | Chief Executive Officer | 5 companies |
| Niklas Joachim Gräsbeck | Chief Executive Officer | 2 companies |
| Virpi Hannele Ellonen | Confidential Clerk | 2 companies |
| Teemu Olavi Johannes Ivakko | Confidential Clerk | 2 companies |
| Tuomas Sakari Johannes Ivakko | Chief Executive Officer | 2 companies |
| Kai-Petri Myllykoski | Chief Executive Officer | 1 company |
| Jari Juhani Ellonen | Confidential Clerk | 1 company |
| Joakim Karl Oskar Rikberg | Deputy Member | 1 company |
| Kristian Mikael Wargh | Confidential Clerk | 1 company |
Frequently asked questions
What is the Y-tunnus number of Paretec Oy?
Paretec Oy is registered with PRH / YTJ under Y-tunnus 1994864-3.
What is the revenue of Paretec Oy?
Paretec Oy reported revenue of €24.8m in 2025.
How many employees does Paretec Oy have?
Paretec Oy employs 151 people as of the latest annual report.
Who is the CEO of Paretec Oy?
Lasse Kalervo Impiö is the CEO of Paretec Oy, in role since 2026.
Who is the chairman of Paretec Oy?
Kari Matti Antero Kohvakka chairs the board of Paretec Oy, in role since 2025.
Where is Paretec Oy headquartered?
Paretec Oy's registered address is Taivaltie 5.